Founder Fireside Chat with Ryan Garner of TracerRead on the DeFi Pulse Blog

Total Value Locked (USD)

$52B

Compound Dominance

19.46%

DeFi Pulse Index

467.27
+34.38
(+7.94%)

Available fromTokenSets

Total Value Locked (USD) in DeFi

  • TVL (USD)
  • ETH
  • BTC
  • All
  • 1 Year
  • 90 Day
  • 30 Day
defipulse chart
Metamask Banner
Lending
DEXes
Derivatives
Payments
Assets
defipulse small logoNameChainCategory1 Day %
🏆
1.
Compound
Ethereum
Lending
$10.12B
0.61%
🥈
2.
Maker
Ethereum
Lending
$8.14B
-0.97%
🥉
3.
Uniswap
Ethereum
DEXes
$5.84B
-0.31%
4.
Aave
Ethereum
Lending
$5.74B
0.60%
5.
Curve Finance
Ethereum
DEXes
$4.87B
1.87%
6.
SushiSwap
Ethereum
DEXes
$4.08B
-0.45%
7.
InstaDApp
Ethereum
Lending
$2.66B
-0.09%
8.
Synthetix
Ethereum
Derivatives
$2.18B
-1.55%
9.
Balancer
Ethereum
DEXes
$2.04B
0.68%
10.
Bancor
Ethereum
DEXes
$1.75B
-2.30%
11.
Vesper
Ethereum
Assets
$1.50B
-1.81%
12.
Badger DAO
Ethereum
Assets
$1.01B
2.13%
13.
Alpha Homora
Ethereum
Lending
$798.6M
2.24%
14.
DeFi Saver
Ethereum
Lending
$731.0M
-0.21%
15.
RenVM
Ethereum
Assets
$727.2M
1.33%
16.
Flexa
Ethereum
Payments
$533.5M
-3.80%
17.
KeeperDAO
Ethereum
Lending
$408.1M
-2.55%
18.
C.R.E.A.M. Finance
Ethereum
Lending
$379.7M
-2.39%
19.
Nexus Mutual
Ethereum
Derivatives
$347.0M
-0.71%
20.
Tornado Cash
Ethereum
Payments
$339.3M
-0.28%
21.
Harvest Finance
Ethereum
Assets
$336.0M
-0.43%
22.
Reflexer
Ethereum
Lending
$306.8M
-0.66%
23.
dYdX
Ethereum
Lending
$272.8M
-0.98%
24.
1inch Liquidity Protocol
Ethereum
DEXes
$266.0M
-5.20%
25.
KEEP Network
Ethereum
Assets
$249.5M
-0.26%
26.
Polygon
Ethereum
Payments
$220.3M
-0.60%
27.
Set Protocol
Ethereum
Assets
$187.3M
2.73%
28.
Loopring
Ethereum
DEXes
$185.6M
1.16%
29.
Idle Finance
Ethereum
Lending
$160.1M
0.70%
30.
Index Coop
Ethereum
Assets
$129.2M
4.30%
31.
B.Protocol
Ethereum
Lending
$104.8M
2.00%
32.
TrueFi
Ethereum
Lending
$93.6M
-3.97%
33.
cvault.finance
Ethereum
Assets
$92.5M
-0.94%
34.
Futureswap
Ethereum
Derivatives
$75.0M
-0.48%
35.
xDai
Ethereum
Payments
$73.0M
-0.78%
36.
Lightning Network
Bitcoin
Payments
$72.1M
-0.46%
37.
DODO
Ethereum
DEXes
$62.3M
6.14%
38.
mStable
Ethereum
Assets
$57.3M
1.10%
39.
HEGIC
Ethereum
Derivatives
$57.2M
-1.30%
40.
DeFi Swap
Ethereum
DEXes
$55.7M
-1.38%
41.
Metronome
Ethereum
Assets
$52.7M
-3.21%
42.
88mph
Ethereum
Lending
$46.9M
4.06%
43.
BarnBridge
Ethereum
Derivatives
$37.5M
15.36%
44.
DerivaDEX
Ethereum
Derivatives
$34.6M
2.29%
45.
bZx
Ethereum
Lending
$28.5M
2.32%
46.
Enzyme Finance
Ethereum
Assets
$25.1M
0.87%
47.
Swerve Finance
Ethereum
DEXes
$24.5M
4.96%
48.
Gnosis
Ethereum
DEXes
$23.6M
-1.66%
49.
WePiggy
Ethereum
Lending
$23.0M
-0.67%
50.
Pickle Finance
Ethereum
Assets
$22.0M
-6.12%
51.
IDEX
Ethereum
DEXes
$20.6M
-2.13%
52.
PowerIndex
Ethereum
DEXes
$20.1M
-1.37%
53.
dHEDGE
Ethereum
Assets
$19.4M
-0.48%
54.
PerlinX
Ethereum
Derivatives
$19.0M
-1.11%
55.
Notional
Ethereum
Lending
$18.1M
-0.33%
56.
Erasure
Ethereum
Derivatives
$17.9M
9.86%
57.
DeversiFi
Ethereum
DEXes
$15.9M
5.24%
58.
dForce
Ethereum
Assets
$14.8M
0.30%
59.
Value DeFi
Ethereum
Assets
$13.9M
-0.17%
60.
Siren
Ethereum
Derivatives
$13.7M
1.13%
61.
Kyber
Ethereum
DEXes
$12.0M
-1.48%
62.
Cover Protocol
Ethereum
Derivatives
$11.3M
-2.33%
63.
Opyn
Ethereum
Derivatives
$10.6M
1.11%
64.
ForTube
Ethereum
Lending
$9.2M
7.94%
65.
Mushrooms Finance
Ethereum
Assets
$8.8M
-2.00%
66.
DDEX
Ethereum
Lending
$8.5M
-0.47%
67.
Auctus
Ethereum
Derivatives
$6.6M
-4.77%
68.
LINKSWAP
Ethereum
DEXes
$5.1M
-2.11%
69.
DEXTF
Ethereum
Assets
$4.8M
-4.95%
70.
Opium Network
Ethereum
Derivatives
$4.7M
-0.18%
71.
PieDAO
Ethereum
Assets
$3.7M
-3.07%
72.
Snowswap
Ethereum
DEXes
$3.6M
1.02%
73.
Augur
Ethereum
Derivatives
$3.1M
-1.20%
74.
C.R.E.A.M. Swap
Ethereum
DEXes
$2.7M
-0.54%
75.
Value Liquid
Ethereum
DEXes
$2.4M
-1.82%
76.
QIAN
Ethereum
Lending
$2.2M
7.50%
77.
MCDEX
Ethereum
Derivatives
$1.5M
-0.72%
78.
yAxis
Ethereum
Assets
$1.5M
-0.69%
79.
Primitive
Ethereum
Derivatives
$1.2M
0.78%
80.
S Finance
Ethereum
DEXes
$958.6K
0.12%
81.
DFI.money
Ethereum
Assets
$675.9K
-0.17%
82.
DeFiner
Ethereum
Lending
$443.0K
-1.20%
83.
UniTrade
Ethereum
DEXes
$197.1K
0.86%
84.
RAY
Ethereum
Lending
$43.2K
-0.13%
85.
Connext
Ethereum
Payments
$12.8K
-0.08%
🚧
86.
yearn.finance
Ethereum
Assets
-
-
87.
PEAKDEFI
Ethereum
Assets
$0
-

What is DeFi?

DeFi is an abbreviation of the phrase decentralized finance which generally refers to digital assets and financial smart contracts, protocols, and decentralized applications (DApps), most of which are built on Ethereum. In simpler terms, it's financial software built on the blockchain that can be pieced together like Money Legos. Read more about DeFi.

What’s the purpose of DeFi Pulse?

DeFi Pulse is a site where you can find the latest analytics and rankings of DeFi protocols. Our rankings track the total value locked into the smart contracts of popular DeFi applications and protocols. Additionally, we curate The DeFi List, a collection of the best resources in DeFi, and DeFi Pulse Farmer, a newsletter covering the latest news and opportunities in DeFi.

How do we calculate total value locked (TVL)?

DeFi Pulse monitors each protocol’s underlying smart contracts on the Ethereum blockchain. Every hour, we refresh our charts by pulling the total balance of Ether (ETH) and ERC-20 tokens held by these smart contracts. TVL(USD) is calculated by taking these balances and multiplying them by their price in USD. You can view the open source project adapters that power our metrics here.

How do I get involved in DeFi?

Decentralized finance is open for anyone to take part in. You can start by exploring the resources found on The DeFi List. Stay informed on the latest news and opportunities in DeFi by subscribing to the DeFi Pulse Farmer newsletter. And if you’re looking to dive head first into the world of DeFi, we’ve written a beginner’s guide called Zero to DeFi. It will teach you the basics, guiding you through how to start earning passive income via DeFi lending services.

How do I get my project listed on DeFi Pulse?

Check out this step by step guide on how projects can partner with DeFi Pulse to join the DeFi Pulse Leaderboard.